{"data":{"id":"us-sc/s.c.-code-ann.-36-8-115","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 36-8-115","heading":"Securities intermediary and others not liable to adverse claimant.","body":"A securities intermediary that has transferred a financial asset pursuant to an effective entitlement order, or a broker or other agent or bailee that has dealt with a financial asset at the direction of its customer or principal, is not liable to a person having an adverse claim to the financial asset, unless the securities intermediary, or broker or other agent or bailee:\n(1) took the action after it had been served with an injunction, restraining order, or other legal process enjoining it from doing so, issued by a court of competent jurisdiction, and had a reasonable opportunity to act on the injunction, restraining order, or other legal process; or\n(2) acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or\n(3) in the case of a security certificate that has been stolen, acted with notice of the adverse claim.","path":["Title 36 - COMMERCIAL CODE","CHAPTER 8 Commercial Code—Investment Securities","Part 1 General Provisions"],"source_url":"https://www.scstatehouse.gov/code/t36c008.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:08:44Z","sha256":"93ec3dbe865ec68c4608e6794e9ebfa7fd5209787ee20b25c70280875128b7de","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-36-8-114","next":"us-sc/s.c.-code-ann.-36-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}